Good buy!
Coinstartled
Posts: 10,135 ✭✭✭✭✭
These hit close to $5000 a decade ago.
https://www.greatcollections.com/Coin/585495/1997-W-Jackie-Robinson-Gold-5-PCGS-MS-69
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Comments
Yep... they were hot for quite a while.... slowly coming back down. Will always be better than spot, but the fever is gone... Cheers, RickO
I could see this coin falling more in price, modern gold coins are losing their collector base
Man... that's what I call a drop.
LOL
Faux rarity
Latin American Collection
Bought and sold about a dozen since 2005 or so. Quit buying when they eclipsed $3000. Figured that $2000 would be the floor. I was wrong..but never held any long enough to get stung.
And a bad buy for many, too.
Reminds me of the time I bought the Wisconsin Hi and Low leaf varieties.
Still the amazing artistic rendition it ever was, too.
At first I thought this was another 'good buy' thread. Mass exodus Monday
"Keep your malarkey filter in good operating order" -Walter Breen
Simple rule.... If it's modern, wait, the price will fall. It's sort of like technology, never buy it right out of the gate.
@Coinstartled was the play on "Goodbye" and the other thread intentional or just a funny coincidence?
Latin American Collection
Wow... I would have thought there would have been more support for this coin at a higher dollar amount. Never bought one but it seems to be moving into buy territory.
Faux rarity? While I can understand the basis for the statement, it seems that moderns have not caught on among the coin people. But if America's pastime is unable to sustain value in this type of limited format, it just raises doubt across the board as to demographics and whether there is a connection to where we have been and where we are going... More disappointment.
Experience the World through Numismatics...it's more than you can imagine.
I can't see anything BUT disappointment if the objective is to hold some degree of rarity in your numismatic buys.
It should be obvious that NONE of this ...stuff... was ever used for money.
The mintage figures should approximate the remaining coins.
If "coins" is the proper designation.
Oh Geez! Now I feel stupid.
It took me this long to catch the spoof. "GOOD BUY"
Shoot me.
Not from glicker surely
even when he gets shoved out he boomerangs back around.
Glicker reincarnates, he never really leaves
Latin American Collection
Topstuff...
Just to reiterate, I have never owned a Jackie Robinson gold coin. My disappointment is that if something such as this commemorative coin does not have support at a certain level... Then what is the real hope or meaning of a connection at any level for history... Art... Design... Or anything else that is worthwhile?
Experience the World through Numismatics...it's more than you can imagine.
Its just that commemorative coins are dumb. I mean early on it was going ok but they ruined the early series with all sorts of shenanigans and now they are doing it again.
The uncirculated Robinson is no longer the rarest modern gold commemorative which may have a lot to do with its price drop.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Value is a function of supply and demand. Demand is obviously shrinking. A secondary effect of that might be that if prices drop to bullion levels and some get melted, then if/when they get hot again they could skyrocket in price (are you listening First Spouses?).
When it comes to moderns, so much of what sells for real money is based on what might eventually prove to be a pretty shaky premise of one kind or another ("early releases", condition rarity, limited mintages, etc.). Jackie Robinson had his day, and he might again, but in the end it is just a coin and if people don't want to pay a big premium for it, the price will drop.
The Grant ...actual...commemorative has a mintage of on 5,000 and still it languishes in the land of unwanted misfits.
Hypotheoretically a guy with deep pockets could own the entire mintage for under $4,000,000.
Obviously that would drive prices up but what a cool way to fill up several safe deposit boxes.
I was wondering this too, but knowing @Coinstartled nothing is coincidental.
Only if there is sufficient demand. I'm not sure cornering the market would do much good as the commemorative market as a whole is in a coma with no sign of a turnaround any time soon.
read between the lines , glick is sitting on 80 of these turkeys and he is trying to pump the tires